Want to dominate Forex trading? It starts with mastering candlestick patterns. This guide includes everything you need to become a pro using just the chart — no indicators needed!
These patterns signal potential reversal. The Hammer appears after a downtrend; the Inverted Hammer forecasts bullish reversal.
They show strong reversals. A bullish engulfing covers the previous red candle; a bearish engulfing covers the green candle, suggesting downtrend.
These are strong reversal signals: Morning Star is bullish; Evening Star is bearish. Watch for three-candle confirmations.
Indicates market indecision. Often shows up before a major price movement. Best used with support/resistance zones.
Appears after an uptrend and signals bearish reversal. Long upper wick, small body — shows rejection of higher prices.
White Soldiers = bullish continuation. Black Crows = strong bearish move ahead. Use these for trend confirmations.
These 2-candle patterns are powerful signals. Piercing Line = bullish reversal; Dark Cloud = bearish reversal.